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Key Details
Sold Price $1,655,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24171372
Sold Date 10/09/24
HOA Y/N No
Year Built 1960
Lot Size 7,531 Sqft
Property Description
We are pleased to offer for sale this 6 unit multi-family investment property for sale in the city of Hawthorne. This asset comprises large 2-bedroom/1-bath units, collectively encompassing 5,224 square feet of rental space situated on a 7,532 square foot lot. Each unit reflects meticulous care with various interior upgrades over time, enhancing tenant satisfaction and retention.
Tenants benefit from convenient onsite carport parking and a communal laundry facility, adding great value and ease to their daily living. Located in close proximity to Manhattan Beach, Sofi Stadium, and LAX Airport, this property is ideally situated to attract and retain high-quality tenants who appreciate the blend of residential comfort and accessibility to major attractions and transportation hubs.
An attractive aspect of this investment is the significant 25% upside in rental income (a new buyer can take advantage of the fact all units, with the exception of one, are scheduled for their annual rental increase), providing a lucrative opportunity for investors to capitalize on the property's potential in a highly desirable area. This investment is perfect for those seeking a well-maintained property with strong growth potential and steady cash flow.
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Zoning HAR3YY
Rooms
Ensuite Laundry Common Area, Inside
Interior
Laundry Location Common Area,Inside
Fireplace No
Laundry Common Area, Inside
Exterior
Carport Spaces 6
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4042030010
Energy Description 1251.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with EZEQUIEL ACEVES • GUY HOCKER REALTORS